Tesla Motors, Inc. (NASDAQ:TSLA) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on February 15, 2017. The stock added about 14.4 percent in price since last results when it was at $202.24 a share. Based on the most relevant past-periods data, there is an 60 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 15 times out of last 25 reported quarters. It has beaten earnings-per-share estimates 41% of the time in its last 12 earnings reports. It fell short of earnings estimates on 7 occasions, and it has met expectations 0 time.
Here’s how traders responded to TSLA earnings announcements over the past few quarters.
Tesla Motors, Inc. (TSLA) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was -64.72 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $0.14 which beat the consensus $-1.14 projection (positive surprise of112.28%. For the quarter, revenue came in at 2.3B versus consensus estimate of 2B. The stock gained 0.88 percent the session following the earnings reports were released, and on 7th day price change was -7.03 percent.
On August 3, 2016, it reported earnings at $-1.54 a share compared with the consensus estimate of $-1.16 per share (negative surprise of -32.76%). Revenue of 1.56B for that quarter was below the $1.63B analysts had expected. The stock climbed 2.13% the day following the earnings announcement, and on 7th day price change was -0.06%.
On May 4, 2016, it recorded $-1.24 a share in earnings which missed the consensus estimate of $-0.78 (negative surprise of -58.97%). Revenue for the quarter was $1.6B while analysts called for revenues to be $1.6B. The stock dropped -4.96% the day following the earnings data was made public, and on 7th day price change was -6.11%.
On February 10, 2016, it announced earnings per share at $-1.29 versus the consensus estimate of $-0.34 per share (negative surprise of -279.41%). That came on revenues of $1.75B for that period. Analysts had expected $1.8B in revenue.
Tesla Motors, Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $-0.33. The analysts’ present consensus range is $-1.33-$0.31 for EPS. The market consensus range for revenue is between $2B and $2.86B, with an average of $2.26B.
Tesla Motors, Inc. (NASDAQ:TSLA) last ended at $229.87, sending the company’s market cap near $36.98B. The consensus 12-month price target from analysts covering the stock is $238.75. The share price has declined -14.65% from its top level in 52 weeks and dropped 7.57% this year. It recently traded at a volume of 3657102 shares. The recent trading ended with the price nearly 5.94 higher for the last 5 trading days, rebounding 62.97% from its 52-week low.